BLOCKCHAIN TECH­NOL­OGY

IoT as a tech­nol­ogy will be more ef­fec­tive, if sup­ported by other tech­nolo­gies. As we know, IoT will gen­er­ate huge pro­por­tions of data but will need the sup­port of ad­di­tional tech­nolo­gies to make it be more ef­fec­tive. Un­der­stand­ing of blockchain be­comes im­por­tant. The blockchain tech­nol­ogy will be use­ful in pro­vid­ing a so­lu­tion to the large amounts of data that is be­ing ex­changed within de­vices. Be­cause of its se­cure, dis­trib­uted and pri­vate na­ture, blockchain can help in se­cur­ing data col­lected in a sys­tem­atic man­ner.